According to a new market report by Lucintel, the future of the magnetic sensor market looks promising with opportunities in the aerospace, automotive, consumer electronics, and industrial industries. The global magnetic sensor market is expected to grow with a CAGR of 7% from 2020 to 2025. The major growth drivers for this market are increased demand for automotive and high-tech smartphones and growing use of magnetic sensors in robotics and factory automation.
To download report brochure, please go to https://www.lucintel.com/magnetic-sensor-market.aspx and click "download brochure" tab from the menu
In this market, Anisotropic Magnetoresistance (AMR), Tunnel Magnetoresistance (TMR), Hall Effect, and Giant Magnetoresistance (GMR) are the major technologies.
Within the magnetic sensor market, aerospace, automotive, consumer electronics, and industrial are the major end use industries.
APAC is expected to witness the highest growth over the forecast period due to growth of the automotive and consumer electronics industries.
STMicroelectronics, Infineon Technologies, Allegro Microsystems, Magnetic Sensors Corporation, TE Connectivity Corporation, Texas Instruments, Inc., Analog Devices, Honeywell International, and NXP Semiconductors are among the major manufacturers in the magnetic sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the magnetic sensor market by technology, application, range, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Magnetic Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global magnetic sensor market by technology, application, range, end use industry, and region as follows
By Technology [$M shipment analysis for 2014 – 2025]:
Hall Effect
Anisotropic Magnetoresistance (AMR)
Tunnel Magnetoresistance (TMR)
Giant Magnetoresistance (GMR)
Others
By Application [$M shipment analysis for 2014 – 2025]:
Speed Sensing
Position Sensing
Detection/NDT
Navigation & Electronic Compass
By Range [$M shipment analysis for 2014 – 2025]:
<1microgauss
1microgauss-10gauss
>10gauss
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Consumer Electronics
Aerospace
Automotive
Industrial
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.